US MArket closed higher leaded by smallcap, sentiment was helped by shanghai performance after the confirmation of the Shanghai- Hong Kong exchange link will begin operating on Nov.17. Dean Foods (DF) +13,7% after better numbers & guidance... The discretionary sector was sent to lows during morning action after President Obama said the Federal Communications Commission should regulate the internet like a utility. The news pressured internet service providers with Charter Communications (CHTR 146.62, -9.75), Comcast (CMCSA 52.95, -2.20), and Time Warner Cable (TWC 136.50, -7.10) losing between 4.0% and 6.2%...the energy sector started in the lead, but slid to the bottom of the leaderboard with crude oil adding pressure. The energy component fell 1.4% to $77.26/bbl. Greenback strength presented a headwind with the Dollar Index (87.81, +0.16) erasing its overnight loss to end higher by 0.2%...volume were in line with average @ 700mil shares...VIX @ 12,67 -3,43%...US After Hours : MODN +14.5%, LLNW +12%, RAX +3.7%, ERII -19.7%, CALL-11.3%, CZR -5.4% following earnings/guidance...- Fed's Rosengren spoke after the US market close, reiterating his preference for the FOMC to remain patient with tightening until inflation gets closer to 2%. Note that Boston's Rosengren is one of the more dovish Fed presidents and not a voting member on the FOMC. ...Shanghai hit fresh 3y high before reversing move (Exchange link, strong retail activity, US & China ITA covered good)..Nikkei +2.05%...Hang Seng +0.29% Shanghai +0.08%
Eur$ 1.2427 S&P +0.10% EuroStoxx +0.23% FTSE +0.13% DAX +0.21% SMI +0.27%
Macro :
- ECB’s Mersch Says ABS Purchases Will Commence in One Week
- Fed’s Fisher Says Rates May Reverse Before Summer: Handelsblatt
- Japan Oct. Preliminary Machine Tool Orders Y/Y 31.2% (5 month low) vs 34.7% Prior
Keep an eye on :
- AIR FP : Airbus Says Delivered 125 Planes in First 10 Months to China
- ARL GY : Aareal Bank 3Q Oper Profit Rises 38%; Raises Profit Outlook
- BALNE NA : Ballast Nedam Gets Indicative Bids for Offshore Activities
- BBED NA : Breedinvest Has 22% Stake in Beter Bed, Regulatory Filing Shows
- CU FP : Club Med likely to receive EUR 23-per-share counteroffer offer from Investindustrial and KKR in next few hours
- DIC GR : DIC Asset Still 3Q Net EU2.1m vs EU4.1m; Sticks to Outlook
- ELE SM : Planning to extend life of nuclear plants to 50-years - Spanish Press
- EBK GR : EnBW 9M Adj. Ebitda Falls 10% on Power Prices; Confirms Outlook
- EO FP : Faurecia Refinances Bank Debt, Is Assigned Bb- Rating at Fitch, Faurecia Sees Chinese Revenue Exceeding EU4 Billion in 2018
- FCC SM : Said to have asked lenders to take 15% loss on €1.35B loan
- FUR NA : Boskalis Increases Stake in Fugro to 15.0%, No Plan to Bid
- GTK IM : Gtech 3Q Ebitda Beats Ests., Should ‘Comfortably’ Meet Forecast
- HEN3 GY : Henkel 3Q Adj. Ebit Beats Ests., Raises 2014 Margin Forecast
- HOT GY : Hochtief Confirms Guidance, Sees FY Net Profit of EU225m-EU250m
- ISP IM : Intesa’s Banca IMI 3Q Net EU58.5m Vs EU119.7m Yr Earlier
- KGX GY : Kion Shares Said to Be Offered at EU29.10 to Market Price
- NRSU DC : Spar Nord Offers DKK425/Shr to Gain Control of Noerresundby Bank
- NUO NA : *SHV INCREASES STAKE IN NUTRECO ISSUED SHARE CAPITAL TO 14.7%
- ORC FP : Orco Property CEO Tomas Salajka, Chairman Radovan Vitek Resign
- ORC FP : Orco Raised EU59,2m in Capital Increase.
- PTC PL : Portugal Telecom: Isabel dos Santos will have to revise EUR-1.21bn offer
- SAN FP : Sanofi, Regeneron See Positive Results in Phase 2b Asthma Study
- STM FP : STMicroelectronics Completes $156m Share Buyback Program
- SPSN SW : Swiss Prime Site 9-Month Ebitda CHF336m vs CHF440m
- TEF SM : Telefonica Sells China Unicom Shares for About EU687M
- TIT IM : American Tower May Bid for Tim Brazil Phone Assets: Sole
- VPK NA : Vopak 3Q Ebit Ex-Items EU142m Versus EU132m; Raises Outlook